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20121010
20121010
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and control over strategically important technology. speaking in brussels, the german defense minister refused to accept any blame for the failure of the merger. >> this was a commercial decision made after many discussions. we have stated our opinion, and i have no further comments to make on that. >> from a business point of view, the deal made sense. the merger would have created the biggest company in the defense industry. combined, the firms would have employed more than 200,000 people and generated revenue of 38.5 billion euros, and it would have overtaken their american competitors -- lockheed martin and boeing. bae systems has a strong presence in the american market, whereas eads has never been as successful. for that reason, this could have been a missed opporunity. >> i would like to draw in our political correspondent. simon, there was suggestion the deal collapsed because of german objections. what was it the germans were not happy about? >> it seems that germany, like france, was unwilling to give up state influence over this important defense company, which is what bae systems w
Search Results 0 to 0 of about 1